HOVR net incomeQ1 2027-C$4.07M
HOVR net income was -C$4.07M in fiscal Q1 2027 (ended Aug 31, 2026), compared with -C$10.90M a year earlier. For the full fiscal 2026 it was -C$33.10M, compared with C$5.20M in fiscal 2025.
New Horizon Aircraft Ltd. (HOVR) financials
For the twelve months ended Aug 31, 2026, New Horizon Aircraft Ltd. reported -C$26.26M of net income. Figures are in CAD, the currency of its SEC filings.
- Net income, TTM
- -C$26.26M
- Free cash flow, TTM
- -C$22.84M
- EPS, diluted, TTM
- -C$0.54
- Cash
- C$70.06M
FY2023FY2026
FY2024FY2026
HOVR revenue and earnings growth
HOVR EPSQ1 2027-C$0.06
HOVR diluted EPS was -C$0.06 in fiscal Q1 2027 (ended Aug 31, 2026). For the full fiscal 2026 it was -C$0.77, compared with C$0.17 in fiscal 2025.
HOVR free cash flowQ1 2027-C$7.88M
HOVR free cash flow was -C$7.88M in fiscal Q1 2027 (ended Aug 31, 2026), compared with -C$2.50M a year earlier. For the full fiscal 2026 it was -C$17.46M, compared with -C$9.45M in fiscal 2025.
Income statement
| Line item | May 31, 2026 | May 31, 2025 | May 31, 2024 | May 31, 2023 |
|---|---|---|---|---|
| Research and development | C$13.24M | C$3.66M | C$880.0K | C$676.0K |
| Selling, general and admin | C$10.22M | C$9.93M | C$3.74M | C$787.0K |
| Operating income | -C$23.47M | -C$13.59M | -C$4.62M | -C$1.46M |
| Pre-tax income | -C$33.10M | C$5.20M | -C$8.16M | -C$1.25M |
| Net income | -C$33.10M | C$5.20M | -C$8.16M | -C$1.25M |
| EPS, basic | -C$0.77 | C$0.20 | -C$0.76 | -C$0.17 |
| EPS, diluted | -C$0.77 | C$0.17 | -C$0.76 | -C$0.17 |
| Diluted shares | 43.0M | 30.8M | 10.7M | 7.3M |
Balance sheet
| Line item | May 31, 2026 | May 31, 2025 | May 31, 2024 | May 31, 2023 |
|---|---|---|---|---|
| Cash and equivalents | C$78.28M | C$7.55M | C$1.82M | C$228.0K |
| Receivables | C$798.0K | C$96.0K | C$417.0K | - |
| Current assets | C$82.85M | C$8.17M | C$4.66M | C$246.0K |
| Total assets | C$83.80M | C$8.41M | C$4.94M | C$440.0K |
| Current liabilities | C$3.64M | C$1.33M | C$1.33M | C$1.49M |
| Short-term debt | - | C$75.0K | - | C$40.0K |
| Total liabilities | C$12.69M | C$5.82M | C$22.88M | C$1.82M |
| Shareholders' equity | C$71.11M | C$2.59M | -C$17.93M | -C$1.39M |
Cash flow
| Line item | May 31, 2026 | May 31, 2025 | May 31, 2024 | May 31, 2023 |
|---|---|---|---|---|
| Operating cash flow | -C$16.49M | -C$9.31M | -C$3.31M | -C$1.09M |
| Capital expenditures | C$967.0K | C$142.0K | C$209.0K | - |
| Free cash flow | -C$17.46M | -C$9.45M | -C$3.52M | - |
| Investing cash flow | -C$967.0K | -C$142.0K | -C$209.0K | - |
| Financing cash flow | C$88.19M | C$15.19M | C$5.11M | C$1.31M |
| Stock-based compensation | C$7.16M | C$1.49M | C$66.0K | C$55.0K |
| Depreciation and amortization | C$298.0K | C$138.0K | C$56.0K | C$27.0K |
Key ratios
Income statement
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | C$7.43M | C$3.63M | C$4.28M | C$2.61M | C$2.72M | C$2.49M | C$443.0K | C$427.0K | C$297.0K | C$245.0K | C$270.0K | C$219.0K |
| Selling, general and admin | C$1.67M | C$1.22M | C$3.31M | C$2.51M | C$3.19M | C$1.56M | C$3.11M | C$2.85M | C$2.41M | C$1.92M | C$989.0K | C$605.0K |
| Operating income | -C$9.10M | -C$4.85M | -C$7.59M | -C$5.12M | -C$5.91M | -C$4.05M | -C$3.55M | -C$3.27M | -C$2.71M | -C$2.16M | -C$1.26M | -C$824.0K |
| Pre-tax income | -C$4.07M | -C$6.64M | -C$6.90M | -C$8.65M | -C$10.90M | -C$6.61M | -C$4.94M | C$19.66M | -C$2.91M | -C$1.70M | -C$5.31M | -C$740.0K |
| Net income | -C$4.07M | -C$6.64M | -C$6.90M | -C$8.65M | -C$10.90M | -C$6.61M | -C$4.94M | C$19.66M | -C$2.91M | -C$1.70M | -C$5.31M | -C$740.0K |
| EPS, basic | -C$0.06 | -C$0.11 | -C$0.16 | -C$0.21 | -C$0.29 | - | -C$0.17 | C$0.83 | -C$0.15 | - | -C$0.45 | -C$0.15 |
| EPS, diluted | -C$0.06 | -C$0.11 | -C$0.16 | -C$0.21 | -C$0.29 | - | -C$0.17 | C$0.80 | -C$0.15 | - | -C$0.45 | -C$0.15 |
| Diluted shares | 65.6M | - | 44.3M | 42.1M | 37.1M | - | 29.5M | 24.6M | 19.2M | - | 11.7M | 5.1M |
Balance sheet
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | C$70.06M | C$78.28M | C$19.67M | C$24.30M | C$16.27M | C$7.55M | C$9.20M | C$887.0K | C$3.82M | C$1.82M | C$4.42M | C$5.88M |
| Receivables | C$1.21M | C$798.0K | C$291.0K | C$220.0K | C$81.0K | C$96.0K | C$149.0K | C$23.0K | C$59.0K | C$417.0K | - | - |
| Current assets | C$73.84M | C$82.85M | C$21.06M | C$24.84M | C$16.72M | C$8.17M | C$10.09M | C$1.76M | C$6.00M | C$4.66M | - | - |
| Total assets | C$75.31M | C$83.80M | C$21.91M | C$25.64M | C$17.04M | C$8.41M | C$10.33M | C$1.96M | C$6.24M | C$4.94M | - | - |
| Current liabilities | C$2.45M | C$3.64M | C$1.42M | C$3.82M | C$2.10M | C$1.33M | C$1.42M | C$639.0K | C$1.48M | C$1.33M | - | - |
| Short-term debt | - | - | C$75.0K | - | - | C$75.0K | - | - | - | - | - | - |
| Total liabilities | C$7.66M | C$12.69M | C$7.78M | C$11.17M | C$6.23M | C$5.82M | C$3.33M | C$4.32M | C$28.37M | C$22.88M | - | - |
| Shareholders' equity | C$67.66M | C$71.11M | C$14.13M | C$14.47M | C$10.81M | C$2.59M | C$7.00M | -C$2.35M | -C$22.13M | -C$17.93M | -C$16.14M | -C$1.00M |
Cash flow
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -C$7.21M | -C$4.70M | -C$6.82M | -C$2.61M | -C$2.36M | -C$2.50M | -C$2.62M | -C$2.71M | -C$1.48M | -C$2.55M | C$580.0K | -C$935.0K |
| Capital expenditures | C$671.0K | C$154.0K | C$140.0K | C$534.0K | C$139.0K | C$44.0K | C$91.0K | - | - | C$51.0K | C$104.0K | C$38.0K |
| Free cash flow | -C$7.88M | -C$4.86M | -C$6.96M | -C$3.14M | -C$2.50M | -C$2.55M | -C$2.71M | - | - | -C$2.60M | C$476.0K | -C$973.0K |
| Investing cash flow | -C$671.0K | -C$154.0K | -C$140.0K | -C$534.0K | -C$139.0K | -C$44.0K | -C$91.0K | - | - | -C$51.0K | -C$104.0K | -C$38.0K |
| Financing cash flow | -C$334.0K | C$63.46M | C$2.33M | C$11.18M | C$11.22M | C$900.0K | C$11.02M | -C$219.0K | C$3.48M | C$0 | -C$1.94M | C$6.75M |
| Stock-based compensation | C$949.0K | C$161.0K | C$4.23M | C$357.0K | C$2.41M | C$1.30M | C$71.0K | C$18.0K | C$100.0K | C$10.0K | C$9.0K | C$34.0K |
| Depreciation and amortization | C$128.0K | C$111.0K | C$79.0K | C$57.0K | C$51.0K | C$40.0K | C$37.0K | C$31.0K | C$30.0K | C$15.0K | C$22.0K | C$13.0K |
Key ratios
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 30.19 | 22.76 | 14.81 | 6.51 | 7.97 | 6.16 | 7.11 | 2.76 | 4.05 | 3.50 | - | - |
Source: XBRL data New Horizon Aircraft Ltd. files with the SEC, latest filing dated Oct 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
HOVR peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| HOVR | - | - | -C$26.26M | - | $94.0M |
| RTX | $95.99B | +11.6% | $8.40B | 8.8% | $264.91B |
| BA | $94.91B | +17.5% | $7.66B | 8.1% | $136.60B |
| HON | $33.61B | +3.9% | $7.05B | 21.0% | $72.68B |
| HEI | $5.18B | +20.7% | $847.72M | 16.4% | $47.90B |
| TXT | $15.45B | +8.5% | $973.00M | 6.3% | $14.47B |
| PAC | MXN 41.41B | +23.2% | MXN 9.57B | 23.1% | $14.05B |
| EMBJ | $7.58B | +18.5% | $351.90M | 4.6% | $13.93B |
HOVR FAQ
6 questionsIs HOVR profitable?
No. New Horizon Aircraft Ltd. reported a net loss of C$26.26M for the twelve months ended Aug 31, 2026.How much cash and debt does HOVR have?
New Horizon Aircraft Ltd. reported C$70.06M in cash and cash equivalents on its most recent balance sheet in SEC filings.What is HOVR free cash flow?
New Horizon Aircraft Ltd. generated -C$22.84M of free cash flow for the twelve months ended Aug 31, 2026, which is operating cash flow of -C$21.34M less capital expenditures.What is HOVR earnings per share?
Diluted earnings per share were -C$0.54 for the twelve months ended Aug 31, 2026, from SEC filings, restated for any stock split those filings show.When did HOVR last report financial results?
The latest statements here come from New Horizon Aircraft Ltd.'s 10-Q filed on Oct 9, 2026, covering the period ended Aug 31, 2026.Where does this HOVR financial data come from?
Quantisnow builds these statements from the structured XBRL data New Horizon Aircraft Ltd. files with the SEC. It is provided for information only and is not investment advice.